Landmark Retail Center in Stockton
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Landmark Retail Center in Stockton
4 Retail Properties Offered at $6,000,000 in Stockton, CA
Executive Summary
PMZ Commercial is pleased to present an investment opportunity for the Marengo Center, a single story 42,935 SF retail strip center located in Stockton, CA. The center consists of 17 spaces and is currently 93.7 % occupied with 1 vacancy. Also, ownership is occupying a small 37 4 SF suite free of rent, making the center effectively 92.8% occupied. The site consists of 4 buildings, (1) approx. 10,985 SF multi-tenant retail strip, (1) 21,170 SF multi-tenant retail strip, with a 13,170 SF medium anchor space occupied by a thrift store, (1) 7,200 SF shop/warehouse building in the rear that is occupied by a car audio store and barber supply store, and (1) 3,580 SF vacant shop/warehouse building in the rear formerly occupied by the Vac & Sew Shop, and a small warehouse used by Red Wing Shoes. The center is located on a high traffic commercial corridor, with over 50,000 ADT.
• The center consists of 17 spaces and is currently 93.7 % occupied with 1 vacancy.
• Total Building Size: 42,935 SF
• Total SF Lot Size: 125,874 approx. total SF (2.89 AC}
• Zoning: CG General Commercial
• Located on one of Stockton's busiest corridors, with over 50,000 vehicles per day
• 92.8% occupied
• Good tenant mix that is ideal for retail strip centers
• Newer roofing on every building except 505 W Swain Road, these also come with guarantees until 2030 or 2035
• Most rents are below market with leases that are soon to expire, giving the property upswing potential
• Most suites are an ideal size for a local retail user
• The center consists of 17 spaces and is currently 93.7 % occupied with 1 vacancy.
• Total Building Size: 42,935 SF
• Total SF Lot Size: 125,874 approx. total SF (2.89 AC}
• Zoning: CG General Commercial
• Located on one of Stockton's busiest corridors, with over 50,000 vehicles per day
• 92.8% occupied
• Good tenant mix that is ideal for retail strip centers
• Newer roofing on every building except 505 W Swain Road, these also come with guarantees until 2030 or 2035
• Most rents are below market with leases that are soon to expire, giving the property upswing potential
• Most suites are an ideal size for a local retail user
Data Room Click Here to Access
Property Facts
| Price | $6,000,000 | Number of Properties | 4 |
| Price / SF | $139.75 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 42,935 SF |
| Status | Active | Total Land Area | 2.89 AC |
| Price | $6,000,000 |
| Price / SF | $139.75 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 42,935 SF |
| Total Land Area | 2.89 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 505 W Swain Rd, Stockton, CA 95207 | Retail | 3,580 SF | 1979 | - |
| 600-608 Porter Ave, Stockton, CA 95207 | Retail | 7,200 SF | 1960 | - |
| 6002-6036 Pacific Ave, Stockton, CA 95207 | Retail | 10,985 SF | 1956 | - |
| 6112-6138 Pacific Ave, Stockton, CA 95207 | Retail | 21,170 SF | 1953 | - |
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Landmark Retail Center in Stockton
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